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Energy & Environment
ONLY IN ROMANIA CONSUMERS CAN SWITCH PROVIDERS WITHOUT PAYING THE ENERGY BILL
Thursday, November 13, 2014
Romania is the only country in Europe which gives consumers the opportunity to change energy suppliers with bills unpaid, according to the Association of Energy Utilities Companies (ACUE), which expects the courts to judge promptly the processes initiated by vendors. “We are the only or the first country in Europe – ...
MSCI INCLUDES ELECTRICA IN FRONTIER MARKETS INDEX
Thursday, November 13, 2014
Electrica Group, the largest power distribution and supply company in Romania, entered in the Morgan Stanley Capital International (MSCI) index of frontier markets, pursued by funds with assets of 12.4 billion dollars. The US indices company announced that, since November 25 will include two new companies in frontier markets index: Electrica distribution group from Romania and bakery group Kinhdo ...
Green MEP: Lobbyists stopped ambitious EU energy targets
Thursday, November 13, 2014
Reinhard Bütikofer MEP said the EU governments granted each other veto rights to water down the renewable energy package. He also believes that the Energy Union and pursuing innovation should be on the top of the new Commission's agenda, as well as fighting bureaucracy, and populism. Reinhard Bütikofer MEP, is co-chair of the European ...
The 7th edition RENEXPO® SOUTH-EAST EUROPE starts next week in Bucharest
Thursday, November 13, 2014
RENEXPO® SOUTH-EAST EUROPE – the biggest trade fair and conferences on renewable energy and energy efficiency in Romania, returns for the 7th time to the Palace Hall in Bucharest, between the 19th-21st of November 2014. Participants at the trade fair and conferences will find out recent information about the Feed-in Tariff and legislative issues in Romania, get in direct contact with experts and leaders from hydropower sector, find the ...
CE Oltenia and China Huadian signed the agreement of construction of the new energy group in Rovinari
Thursday, November 6, 2014
The representatives of the Energy Complex Oltenia and those of China Huadian Engineering signed on Friday the agreement on the basis of which they set up a company, a joint venture for the construction of a new energy group of 500 MW to the Rovinari thermal power station, an investment of almost one billion dollars. The agreement of setting up for ...
Enel: Sales of active stock in Romania and Slovakia in advanced stage
Thursday, November 6, 2014
The sales process of Enel active stock in Romania and Slovakia is in advanced stage, according to the general manager of the group, Francesco Starace, who reiterated that investors interested in the sales can present offers until the end of November. “The sale of active stock is in advanced stage. There are potential buyers and offers will be received in each country until the end of November,”said Starace at ...
Nicolescu: I proposed to KazMunayGas to build a chemical complex in Dobrogea
Thursday, November 6, 2014
The government proposed to the company KazMunayGas who owns Rompetrol to build in Dobrogea a chemical complex with money from the billion dollar promised by the Kazah company, stated on Wednesday the minister delegated for energy Razvan Nicolescu. ‘One of the ...
OMV Petrom invested 2 million euro in a lighting system with LEDs
Thursday, November 6, 2014
OMV Petrom replaced the conventional lighting system of 345 distribution stations with a new system based on LED units (light emitting diods) following an investment of 2.1 million euro. The Electromagnetica was chosen as supplier of the lighting system following an international bid developed at the beginning of the year.‘ The increase ...
Romania needs electricity produced in thermal power plants
Thursday, November 6, 2014
Prime Minister Victor Ponta says Romania needs electricity produced in thermal power plants to reach its goal of energy independence. Ponta ...
Renewable energy projects reached 4,725 MW at the end of September
Thursday, November 6, 2014
Renewable energy projects reached a total installed capacity of 4,725 MW at the end of September this year, shows data centralized at power grid operator Transelectrica. Thus, the wind power projects connected in the system account for an aggregate 2,805 MW; photovoltaic parks have a total capacity of 1,245 MW; micro-hydro power plants and biomass energy projects have a cumulative capacity of 101 MW. The renewable energy capacity ...
Romania’s competitive landscape
Thursday, November 6, 2014
Domestic government The Romanian government has announced plans to increase the royalty taxes for mineral resources such as oil and gas by the end of this year, according to BMI. These royalties will increase as the exiting levels are inadequate, yet, the extent of this rise is not 100% clear as of yet. At the moment Romania collects mineral royalties worth approximately US$ 425.5 million /y and ...
TÜV SÜD certifies 5.5MW PV power plant in Romania
Thursday, November 6, 2014
TÜV SÜD Czech and TÜV SÜD Romania said they had successfully certified a new 5.571MWp PV power plant located in Buzau, Romania.Certification encompasses all the requirements and conditions necessary for PV power plants to operate safely and under smart operation, according to TÜV SÜD. The Stalpu PV power plant was built by SC Solar Development SA and was said to have meet the ...
Picking up the pieces of the 2030 climate and energy package
Thursday, November 6, 2014
The work must start now to build an alliance of MEPs from across the house to deliver change on energy efficiency and climate change, whilst reminding President Juncker and his new team of the commitments they made during their confirmation hearings, writes Morten Petersen, who warns that "winter is ...
The industry will pay fewer green certificates starting with 1 December
Thursday, October 30, 2014
The measure according to which the energy consumers will be exempted from the payment of a part of the green certificates will be applied starting with 1 December, stated the minister of economy Constantin Nita in a business ...
Black Sea gas to be transported only by Transgaz - Romanian president
Thursday, October 30, 2014
Romania's President Basescu stated that the natural gas to be extracted from the Black Sea will be transported only via the national transport system (NTS) operated by Transgaz. The president ruled out any chance that Romanian gas will flow through the South Stream pipeline, which will cross Bulgarian territory, bypassing Romania.The recent statements from the president affirm the viability of Transgaz's investment projects up to 2019, regarding the construction ...
Cheaper and environmentally-safe: Is this the future of Polish shale?
Thursday, October 30, 2014
Blue Gas Competition - Supporting development of new technologies for shale gas extraction. The second Blue Gas Competition results are in and this year only a handful of projects were deemed promising enough to secure financing. It’s exciting news for those working on the projects as well as for the Polish shale gas industry. Among the ...
Electricity produced by Cernavoda nuclear reactors is essential for Romania
Thursday, October 30, 2014
Electricity produced by the nuclear reactors in Cernavoda, south-eastern Romania, is essential for Romania, in keeping with the draft energy strategy for up until 2035. Currently, units 1 and 2 of the power plant in Cernavoda are operational, using CANDU technology. Units 3 and 4 are planned to be finalized by 2019 and 2020 respectively, while reactor 5 is under conservation. The nominal installed power of reactors 1 and 2 is 706.5 MW each, and together they ensure some 20% ...
ExxonMobil Exploration and OMV Petrom started drilling in the Romanian sector of the Black Sea
Thursday, October 30, 2014
ExxonMobil Exploration and Production Romania Limited (EMEPRL) and OMV Petrom have started drilling with exploration derrick Pelican South-1 for a new prospect in the Neptune block, by oilrig Ocean Endeavour, according to a press release issued by the two companies on Monday. The new derrick Pelican South-1 is about 155 km from ...
EU leaders adopt 'flexible' energy and climate targets for 2030
Thursday, October 30, 2014
EU leaders Thursday night (23 October) committed by 2030 to reduce greenhouse gas emissions by at least 40%, and increase energy efficiency and renewables by at least 27%. French President François Hollande said the deal would send a clear message to big polluters such as China and the United States ahead of UN talks in Paris next year to agree global legally binding greenhouse gas ...
Romania's natural gas stands at one billion cubic meters above the legal requirements for the cold season
Thursday, October 30, 2014
Romania's natural gas inventory currently stands at 2.8 billion cubic meters, one billion cubic meters above the legal requirements for the cold season, Minister-delegate for Energy Razvan Nicolescu said on Friday in ...